BONK, a Shiba Inu-themed has returned 2,220% to its investors since its launch on December 25, into the Solana ecosystem. BONK has risen 150% in the past 24 hours alone giving its investors a handsome payday.
In a period when there has been a slump in the cryptocurrency market with loosing market capitalisation, the BONK boom is more than welcome from investors as they find a lighthouse in the dark sea.
BONK has increased volumes of trade attracting $20 million volume of trade on Solana-based decentralised exchanges such as Orca, making thousands in fees for the liquidity provider, as per reports.
The pair of BONK/SOL has conducted $14 million in trading volume making it the most traded pair, followed by BONK/USD which saw volumes of $6.2 million based on data shared by Orca.
The current interest in Bonk on the Solana platform has taken its trading to levels higher than that of the pair of SOL/USD which is the primary pair of trading in the Solana ecosystem. The rise of BONK will be for a short period even though the Solana ecosystem is adopting it for use unless the demand for the meme based currency remains steady.
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